Oil rises, Gulf stocks slide after Iran ship seizure throws truce into doubt In a post on Truth Social on Sunday, US President Donald Trump said the US Navy fired at and seized an Iranian-flagged cargo ship in the Gulf of Oman. Iran
Analysis How long can Iran's economy weather US naval blockade? Analysts believe the blockade will choke exports for essential items coming into Iran, like food and medicines. By Jack Dutton In Bristol, reporting on regional business, climate change, AI, tech
Why are Wall Street banks posting record profits amid Iran war? The US-Israel-Iran war has roiled the global economy since Feb. 28, but the resulting market volatility has boosted trading profits for some. Iran
As US blockades Hormuz, China urges restraint, rejects call to ditch Iran oil Beijing and Ankara called for calm as the US began its blockade of the Strait of Hormuz as regional diplomacy over the fragile ceasefire intensifies. Iran
Analysis How fast can Gulf energy production rebound after US-Iran ceasefire? By Samuel Wendel In Washington, DC, reporting on regional business and tech
Egypt, Russia advance construction at Dabaa nuclear plant: What to know The Dabaa nuclear plant could help Egypt address its energy woes while boosting cooperation with Russia. Egypt
Iran doubles down on Venezuela support as Trump ups threats: What to know Iran is seeking to boost ties with Venezuela and has expressed solidarity following US strikes targeting drug smugglers off the country's coast, though their energy relationship has declined in recent years. Iran
Syria advances Qatar-backed $7B power project amid soaring electricity prices According to the state-run Syrian Arab News Agency, the plants will use a combination of natural gas and solar energy. Syria
Egypt courts investors, signs new gas deals at Abu Dhabi ADIPEC summit Minister Karim Badawi met with executives from companies including Abu Dhabi sovereign wealth fund Mubadala, UAE state energy holding company TAQA, US conglomerate Halliburton and British Petroleum. Egypt
Turkey, Iraq sign oil-for-water deal: What to know The landmark deal between Ankara and Baghdad sets out a finance mechanism to direct Iraqi oil proceeds into Turkish-built water infrastructure. Turkey
Oil prices fall for 3rd straight month as Saudi-led OPEC+ weighs more cuts The falling oil prices are being driven further down by China’s slowdown and are affecting Saudi Arabia’s diversification plans. Saudi Arabia
US energy secretary scraps visit after Israel puts $35B Egypt gas deal on hold Despite US pressure, Energy Minister Eli Cohen refuses to approve a $35 billion gas deal with Egypt until "a fair price for the Israeli market" is secured. Israel
Turkey seeks to bolster Eastern Med foothold in new Libya energy talks The talks between the Turkish ambassador in Libya and the Tripoli government’s energy minister come as Turkey seeks to reduce dependence on energy imports and bolster its energy security. Turkey
Algeria's Sonatrach latest foreign oil major to resume Libya drilling Libya has Africa’s largest proven oil reserves, with approximately 48.4 billion barrels, but political instability had led international energy firms to avoid it for more than a decade. Algeria
Egypt discovers 18 oil, gas wells as Cairo looks to up energy output The discoveries support the government's ambition to increase Egypt's domestic energy supply. Egypt
Bahrain joins Gulf’s late movers in the solar race with 150 MW project If completed on schedule, the Bilaj Al Jazayer solar plant would more than double the kingdom’s total installed renewable capacity, which stood at just 69 MW in 2024. Bahrain
Egypt overtakes Kuwait as MENA’s biggest LNG importer: What to know Last year, the North African country shifted from being a net exporter to a net importer of LNG, due to soaring demand and production declines. Egypt
